Australia · Delayed Price · Currency is AUD Waypoint REIT Earnings Call Transcripts
Fiscal Year 2025
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Distributable EPS rose 1% to AUD 0.1664, with NTA up 5% and strong capital management. FY 2026 guidance targets 3% EPS growth, with 90% of debt hedged and continued focus on non-core asset sales and portfolio optimization.
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Distributable EPS and NTA per security both increased, supported by a major buyback and portfolio valuation gains. Guidance for FY 2025 was upgraded 1%, with strong liquidity and disciplined capital management amid ongoing industry shifts and OTR rollout uncertainty.
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The meeting reviewed strong financial results, strategic initiatives like the OTR rollout, and ongoing asset sales. Key governance items included director elections, remuneration, and constitutional amendments, with all resolutions put to vote and results to be announced to the ASX.
Fiscal Year 2024
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FY 2024 distributable EPS was flat at AUD 0.1648, with portfolio value and NTA per security both up 1%. Net profit fell 20% due to higher interest costs, but liquidity and gearing remain strong. OTR conversions are set to accelerate in 2025, with robust market activity and stable guidance.
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Distributable EPS for 1H24 matched last year, with portfolio value and NTA per security both rising. FY24 EPS guidance was raised to the top of the range, but higher interest expenses and slower asset sales are expected to impact the second half.